Lucky me sold banks stocks yesterday. $BAC $WFC
HUGE miss. Shows you how media has pumped up this market just to get people back into stocks . Fact is we had 10 year bull market , it’s OK to have slowdown it’s healthy . Stop artificially pumping market before next Lehman federalreserve
Seems major banks suffered from lower earnings. Not good!
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US economy now growing at less than 2 percent due to government shutdown, JP Morgan saysJP Morgan economists said the government shutdown is beginning to take a bigger toll on the U.S. economy, and growth is now below 2 percent, despite resilience in the private sector broken window fallacy Jaime prepares the ground for his Financial Services Committee Testimony. They should talk to their colleague Mary E. Erdgoes who made a fool of herself with her Davos rant on how great Americans are doing. Crazier than anything said by Munchkin, Kudlow, Hassett, Ross et al.
Source: CNBC - 🏆 12. / 72 Read more »
Global slowdown could push US economy into recession this year, JP Morgan Asset Management warnsOne of Wall Street's largest investing firms warns that a global growth slowdown could sink the U.S. into a recession this year. America winning in China/ US trade. Maybe cnbc should read some more (Forbes article on China) before claiming to be a news outlet. jimcramer dwyerstrategy cvpayne realDonaldTrump mitchellvii MariaBartiromo OMBPress CommerceOIG AliVelshi SRuhle FOXNEWS ABC CBSNEWS NBCNEWS CNN PBS cspanwj NatlAssnAttysGn CommerceGov HouseForeign TTDAFLCIO USTradeRep USTreasury NatlGovsAssoc DemocraticAGs DemocraticLGs HouseDemWomen TheDLCC HouseOversight
Source: CNBC - 🏆 12. / 72 Read more »
Consumers are the strongest piece of the economy, says economistGabriela Santos, JPMorgan global markets strategist, and Barry Bannister, Stifel U.S. equity strategist, discuss what's boosting the markets on CNBC's 'Squawk Alley'. 'Confidence is the lowest it has been in years.' = 🤔
Source: CNBC - 🏆 12. / 72 Read more »
Watch JP Morgan Chase CEO Jamie Dimon speak at the Economic Club of New YorkJ.P. Morgan Chase CEO Jamie Dimon is slated to speak at the Economic Club of New York. Dimon's comments come two days after the banking titan reported disappointing quarterly earnings for the first time in 15 quarters. Choppy market action led to muted trading revenue for J.P. Morgan last quarter. I'll pass, thanks.
Source: CNBC - 🏆 12. / 72 Read more »